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STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Jun. 30, 2012

Reserved Shares Of Common Stock For Issuance

We have reserved shares of common stock for issuance at June 30, 2012 as follows:

		Reserved Stock  Options
Stock options outstanding			2,738,250
Reserved for future grants of stock options			1,091,905
Total reserved shares of common stock for issuance			3,830,155

Summary Of Warrants Activity

The warrants activity is summarized as follows:

		Warrants Outstanding				Weighted Average Exercise Price
Warrants outstanding as of June 30, 2009			1,932,737			$	0.99
Expiration of warrants assumed in June 2007			(333,333	)		$	1.20
Warrants outstanding as of June 30, 2010			1,599,404			$	0.95
Expiration of warrants assumed in June 2008			(73,889	)		$	0.90
Warrants exercised from amendment to Notes with related parties			(1,218,493	)		$	0.95
Warrants outstanding as of June 30, 2011			307,022			$	0.95
Warrants exercised from amendment to Notes with related parties			(307,022	)		$	0.95
Warrants outstanding as of June 30, 2012			—			$	0.00

Summary Of Stock Options Outstanding And Exercisable Under All Stock Option Plans

The following table summarizes information about stock options outstanding and exercisable under all stock option plans as of June 30, 2012:

		Options Outstanding												Options Exercisable
Range of Exercise Prices		Number				Weighted Average Remaining Contractual Life				Weighted Average Exercise Price				Number				Weighted Average Exercise Price
$0.30–$0.60			60,355				6.05			$	0.47				55,738			$	0.47
$0.64–$0.64			458,631				2.91				0.64				458,631				0.64
$0.70–$0.70			1,000				3.32				0.70				1,000				0.70
$0.74–$0.74			691,678				7.13				0.74				459,399				0.74
$0.75–$0.91			299,906				5.88				0.79				218,292				0.78
$0.92–$1.40			288,632				5.09				1.17				239,117				1.16
$1.45–$3.32			290,998				5.45				2.32				175,457				2.31
$3.64–$5.28			423,000				9.37				4.64				16,666				5.28
$5.30–$6.91			222,050				9.30				6.08				600				5.60
$9.00–$9.00			2,000				9.33				9.00				—				—
$0.30–$9.00			2,738,250				6.39			$	1.98				1,624,900			$	0.99

Summary Of Option Vested And Exercisable

The summary of options vested and exercisable at June 30, 2012 comprised:

		Number of Shares				Weighted Average Exercise Price				Aggregate Intrinsic Value				Weighted Average Remaining Contractual Term
Options outstanding			2,738,250			$	1.98			$	9,660,787				6.39
Fully vested and expected to vest options.			2,623,894			$	1.89			$	9,482,200				6.28
Options exercisable			1,624,900			$	0.99			$	7,251,533				4.91

Summary Of Effect Of Stock Based Compensation

The table below summarizes the effect of stock-based compensation:

		Year Ended June 30,
		2012				2011				2010
Non-cash stock-based compensation expense		$	(856	)		$	(218	)		$	(244	)
Income tax benefit			—				—				—
Net income effect		$	(856	)		$	(218	)		$	(244	)
Net effect on earnings per share, basic and diluted		$	(0.04	)		$	(0.01	)		$	(0.01	)

Valuation Assumptions

During the fiscal year ended June 30, 2012, 2011 and 2010 there were 720,300, 280,450 and 1,121,700 options granted, respectively, with a weighted-average fair value of $3.21, $1.21 and $0.54, respectively, using the following assumptions:

		Year Ended June 30,
		2012				2011				2010
Dividend yield			—				—				—
Expected volatility			85	%			82	%			80	%
Average risk-free interest rate			0.97	%			1.82	%			2.76	%
Expected life (in years)			4.48				4.50				6.25

2005 Management Stock Option Plan [Member]

Activity Plan

The following table represents the activity under the 2005 Management Plan:

		Shares Available for Grant				Options Outstanding				Weighted Average Price
Balance at June 30, 2009			324,250				1,134,400			$	0.77
Options Granted			(120,000	)			120,000			$	0.82
Options Forfeited / Expired			30,000				(30,000	)		$	0.64
Balance at June 30, 2010			234,250				1,224,400			$	0.78
Options Granted			(115,000	)			115,000			$	1.97
Options Forfeited / Expired			—				(755,000	)			—
Balance at June 30, 2011			119,250				584,400			$	0.93
Shares Authorized for Issuance			500,000				—				—
Options Granted			(340,000	)			340,000			$	4.56
Options Exercised			—				(40,650	)		$	0.69
Options Forfeited / Expired			18,750				(18,750	)		$	2.90
Balance at June 30, 2012			298,000				865,000			$	2.33

2005 Stock Incentive Plan [Member]

Activity Plan

The following table represents the activity under the 2005 Stock Incentive Plan:

		Shares Available for Grant				Options Outstanding				Weighted Average Price
Balance at June 30, 2009			1,087,600				372,400			$	0.99
Options Granted			(941,100	)			941,100			$	0.76
Options Exercised			—				(840	)		$	0.74
Options Forfeited / Expired			46,017				(46,017	)		$	0.90
Balance at June 30, 2010			192,517				1,266,643			$	0.82
Options Granted			(165,450	)			165,450			$	1.89
Options Exercised			—				(110,781	)		$	0.75
Options Forfeited / Expired			71,984				(71,984	)		$	1.03
Balance at June 30, 2011			99,051				1,249,328			$	0.96
Shares Authorized for Issuance			1,000,000				—				—
Options Granted			(380,300	)			380,300			$	5.53
Options Exercised			—				(54,713	)		$	0.95
Options Forfeited / Expired			75,154				(75,154	)		$	4.04
Balance at June 30, 2012			793,905				1,499,761			$	1.96

2000 Non-Management Stock Option Plan [Member]

Activity Plan

The following table represents the activity under the 2000 Plan:

		Shares Available for Grant				Options Outstanding				Weighted Average Price
Balance at June 30, 2009			42,589				152,256			$	10.29
Options Granted			(56,000	)			56,000			$	0.71
Options Exercised			—				(500	)		$	0.80
Options Forfeited / Expired			14,989				(14,989	)		$	16.27
Balance at June 30, 2010			1,578				192,767			$	7.07
Options Granted			—				(25,953	)		$	0.90
Options Forfeited / Expired			58,293				(58,293	)		$	19.86
Plan Shares Expired			(59,871	)			—				—
Balance at June 30, 2011			—				108,521			$	1.68
Options Exercised			—				(27,655	)		$	1.59
Options Forfeited / Expired			—				(3,389	)		$	11.46
Balance at June 30, 2012			—				77,477			$	1.28

1998 Stock Plan [Member]

Activity Plan

The following table represents the activity under the 1998 Plan:

		Shares Available for Grant				Options Outstanding				Weighted Average Price
Balance at June 30, 2009			22,122				577,994			$	5.83
Options Granted			(4,600	)			4,600			$	0.49
Options Exercised			—				(19,344	)		$	0.66
Options Forfeited / Expired			52,858				(52,858	)		$	13.35
Balance at June 30, 2010			70,380				510,392			$	5.20
Options Granted			—				(39,216	)		$	0.73
Options Forfeited / Expired			40,465				(40,465	)		$	34.51
Plan Shares Expired			(110,845	)			—				—
Balance at June 30, 2011			—				430,711			$	2.86
Options Exercised			—				(79,416	)		$	2.43
Options Forfeited / Expired			—				(55,283	)		$	12.21
Balance at June 30, 2012			—				296,012			$	1.22

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